Lira

Top US banks hike lending rates to highest since 2008; Lira at record low

The US central bank has remained steadfast in its decision to keep raising rates until data shows a sustained pullback in consumer prices

Lira slides nearly 8% amid investors' concern over policy actions

The lira was also supported last week by a government move to cover FX losses on certain deposits

Turkey's lira sinks to fresh low, prompting bank to intervene

It was the bank's fifth intervention in recent weeks to attempt to prop up the lira

Turkey cuts benchmark interest rate again, lira dips to historic low

Turkey's central bank cut the benchmark interest rate by another 100 basis points despite soaring inflation, sending the weakening national currency lira to a new historic low against the US dollar.

Turkey slashes key rate by whopping 100 bps; lira sinks to new record low

The bank signalled it would pause the easing cycle to monitor its effects in the next three months

Turkish lira weakens after Fitch downgrades outlook to 'negative'

The currency slumped to an all-time low 14.0 this week after President Tayyip Erdogan defended the low-rate economic policy.

Turkey: Erdogan unbowed by critics, leaving little to stop lira's collapse

Two people familiar with internal discussions said some government officials are uncomfortable with Erdogan's rate-cutting strategy and told him this

Turkish lira takes breather from the worst nosedive in 20 years

The lira's rebound comes after an 11-day slide

Lira falls 15% to historic low as President Erdogan defends rate cut

The currency fell 15 per cent on Tuesday, plunging past 13 per dollar for the first time ever

Lira soars as President Erdogan promises new economic era in Turkey

He said, Turkey needed to rebuild both depleted foreign reserves and faith in the beleaguered currency

Turkey replaces central bank head as lira sees record lows, inflation rises

Turkish President Recep Tayyip Erdogan dismissed the head of the country's central bank following a period of high inflation and record lows for the lira

Lira crisis: Global stocks, currencies sink as Turkey fever spreads

The lira's plunge and subsequent sell-off in Turkey is giving investors an unwelcome reminder of past crises in emerging markets, leaving traders speculating on how bad contagion can get